Articles for category: Business

Market News

Patanjali’s Vegetarian Claims Under Fire: Court Questions Misbranding Allegations

Patanjali’s Vegetarian Claims Under Fire: Court Questions Misbranding Allegations

The Delhi High Court has requested the Indian government’s response to a petition regarding the alleged misbranding of Patanjali’s product “Divya Dant Manjan.” The product, which is labeled as vegetarian with a green symbol, reportedly contains fish extract, making it non-vegetarian. The court issued notices to the Centre, the Food Safety and Standards Authority of ...

Market News

Accenture’s Leadership Shakeup: Chakraborty and Tayob Step into New Roles

Accenture’s Leadership Shakeup: Chakraborty and Tayob Step into New Roles

Accenture has announced significant leadership changes, appointing Arundhati Chakraborty as the new group chief executive of Accenture Operations, effective from September 1, 2024. She takes over from Yusuf Tayob, who will now lead the global Communications, Media, and Technology (CMT) industry practices. Chakraborty, known for her extensive experience in guiding complex transformations, will focus on ...

Market News

Ambani Unveils Bold AI Vision at Reliance AGM 2024: A Tech Revolution

Ambani Unveils Bold AI Vision at Reliance AGM 2024: A Tech Revolution

At the 47th annual general meeting of Reliance Industries, Mukesh Ambani shared exciting plans for the company’s future as a technology leader. Key highlights included the launch of Jio Brain, a suite of AI tools aimed at enhancing decision-making and customer insights. He announced the establishment of a national AI infrastructure, featuring large-scale data centers ...

Market News

India Targets Ambitious 4.9% Fiscal Deficit, New Budget Brings Hope

India Targets Ambitious 4.9% Fiscal Deficit, New Budget Brings Hope

The Indian government has set a fiscal deficit target of 4.9% of GDP for the current budget, down from 5.6% in the previous year. Between April and July, the fiscal deficit reached 2.77 trillion rupees, accounting for 17.2% of the annual estimate. During this period, net tax collections were 7.15 trillion rupees, representing 27.7% of ...

Market News

SBI’s Bold Strategy: Quality Over Rates Amidst Banking Challenges

SBI’s Bold Strategy: Quality Over Rates Amidst Banking Challenges

At the Global Fintech Fest in Mumbai on August 30, 2024, SBI Chairman Challa Sreenivasulu Setty emphasized that banks will focus on improving service quality instead of engaging in a rate war for deposits. He mentioned a slight adjustment in interest rates, particularly for the popular 1-2 year term deposits. SBI recently launched the “Amrit ...

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